Media releases

2017

Turnbull Government ban on excessive card surcharging extended to all businesses

Excessive card surcharging will be banned for all businesses from today, 1 September, continuing the Turnbull Government’s ‘taking action now’ approach to delivering fairer financial services for A

Government appointments

Treasurer, the Hon.

Shorten’s GST ‘fix’ a new Labor tax blitz

Once again, Labor thinks they can fix a problem by writing a big cheque with no clue how to pay for it. The answer is you, by the way.

Government backs APRA CBA inquiry - taking action now

I welcome today’s announcement by the Australian Prudential Regulation Authority (APRA) to commence an independent prudential inquiry that would focus on the governance, culture and accountability

Moody’s maintains Australia’s AAA credit rating

The Turnbull Government welcomed the announcement today that Moody’s has maintained Australia’s AAA credit rating, with a stable outlook.

Crackdown on Labor's tax loopholes

Australians are getting a fairer tax clip from large multinational companies, with over $4 billion raised in assessments last financial year, according to evidence by the Australian Taxation Office

Turnbull Government to strengthen APRA'S crisis management powers

The Turnbull Government has today released draft legislation to overhaul the powers of the Australian Prudential Regulation Authority (APRA) during times of financial crisis.

Strengthened competition law to benefit Aussie small businesses and consumers

The Turnbull Government has today legislated significant amendments to strengthen Australia’s competition law providing greater protections for small businesses and more choice for consumers by boo

Boosting competition in banking

The Turnbull Government welcomes the Australian Prudential Regulation Authority's (APRA) release today of the discu

Draft legislation - Protecting Aussies from predatory credit card practices

The Turnbull Government has today released exposure draft legislation and explanatory material for the credit card reforms announced by the Government in the 2017-18 Budget.

Foreign Investment Review Board Appointment

The Treasurer, the Hon Scott Morrison has appointed Ms Cheryl Edwardes as a part-time member to the Foreign Investment Review Board (FIRB ) for a five-year period.

Delegation of Authorisation on Same-Sex Marriage Survey

Under section 34AAB of the Acts Interpretation Act 1901, I have authorised the Finance Minister to act on my behalf with respect to the Australian Bureau of Statistics collecting statistic

New Zealand joins Australia in multinational tax crackdown

The Turnbull Government welcomes New Zealand’s decision to join Australia in tackling multinational tax avoidance.

Direction to Australian Statistician

Today I have issued a direction to the Australian Statistician, asking the Australian Bureau of Statistics to request statistical information from all Australians on the electoral roll as to their

Empowering customers through Open Banking - Issues Paper released

The Open Banking Review has released an Issues Paper today seeking feedback on the best approach for implementing an Open Banking framework for Australian customers. 

A better deal for Australian families

The Turnbull Government is taking decisive action to reduce energy prices for Australian families and businesses.

Developing Australia’s Social Impact Investing market

The Turnbull Government is today announcing a set of principles to guide its investment in programs that help our most vulnerable Australians.

Helping Australians realise their dream of home ownership

The Turnbull Government is launching the next phase of its comprehensive housing affordability package, releasing draft legislation to:

Empowering consumers through open banking

The Turnbull Government will seek advice on implementing an open banking system regime in Australia, and examine how such a framework can help boost competition and innovation in financial services

Strengthening financial stability – APRA release on unquestionably strong capital ratios

The Government welcomes APRA’s decision today to increase the level of capital that banks are expected to hold to be considered ‘unquestionably strong’.